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Morgan Stanley stock price, MS
Morgan Stanley stock chart:
Morgan Stanley close price: 42.73
Stock price forecast:
DOWN TO -0.30%
Total forecasts: 84
Reached: 27 (32.14%)
Total Win: 23.20 (55.42%)
Showing 1-10 of 608 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Morgan Stanley latest news:
Sprouts Farmers Market 'significantly impacted' by deflation due to its focus on fresh items
Sprouts Farmers Market Inc. said Thursday it was "significantly impacted by deflation, which has been increasing over the last 18 months" because 60% of its sales are in fresh products. Speaking at the Deutsche Bank dbAccess Global Consumer Conference, Sprouts' Chief Financial Officer Bradley Lukow said the first quarter experienced 300 basis points of deflation, with double-digit deflation in produce. "Into the second quarter of this year, we went from double-digit deflation on cost in produce to almost flat," Lukow said, according to a FactSet transcript. Amazon.com Inc. announced this morning that it has extended Prime Now one- and two-hour delivery to Denver, including Sprouts merchandise. And Sprouts stock was downgraded Thursday at Morgan Stanley to equal-weight based on valuation. Analysts say they remain positive on Sprouts because it's a strong player in the natural and organic segment, and was the only food retailer it covers with positive same-store sales. "However, we now believe the shares are fairly valued relative to future growth potential," the note said. The price target remains at $23. Sprouts shares are down nearly 9% in Thursday trading, but are up more than 19% for the year so far. The S&P 500 index is up 8.5% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Morgan Stanley CEO says Saudi Arabia could be 'major opportunity'
Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.
Morgan Stanley developing online mortgage application tool
NEW YORK (Reuters) - Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology...
Morgan Stanley shuffles wealth management unit
Morgan Stanley(MS) has shuffled its wealth unit, eliminating a layer of management and promoting two key executives, according to a memo reviewed by Reuters on Friday. The Wall Street bank named Vince Lumia, head of private wealth management, its new head of the field. Mandell Crawley, the bank's chief marketing officer, will replace Lumia as head of private wealth management.
Goodyear Tire stock upgraded to 'buy' at Morgan Stanley
Analysts at Morgan Stanley on Thursday upgraded Goodyear Tire & Rubber Co. stock to their equivalent of buy and set their price target on the shares to $52, which corresponds to a 52% upside from the stock Thursday price. "The technological revolution in mobility may drive growth in miles traveled at (two times) historic levels, supporting tire volume and pricing," the analysts wrote in a note. In the longer term, Goodyear could become a transport-services firm with less cyclical revenue, they said. "We view tires as entering a period of secular growth," the analysts said. Shares of Goodyear have gained 10% in 2017, which compares to gains around 8% for the S&P 500 Index. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tesla shares poised for record; 'More than a car company,' Morgan Stanley says
Tesla Inc. on Wednesday traded as high as $339.40 intraday, putting it on track to close at another record after hitting that milestone on Tuesday, when it closed at $335.10. Analysts at Morgan Stanley said in a note more investors viewed Tesla as the "nexus of shared, autonomous and electric transportation" rather than just as a car company. "The market's appreciation of applied (artificial intelligence) in real world driving scenarios/transportation has evolved significantly over the past 12 months and Tesla is part of a much broader discussion at all levels," the analysts said. Tesla has joined the likes of Amazon.com Inc. , Apple Inc. , and Alphabet Inc. as part of the discussions about machine learning and a multi-trillion dollar transportation market, yet it is valued at a fraction of these three companies, they said. The analysts also said Tesla and its stakeholders will have to ask whether it is "better off disrupting transport on a stand-alone basis or whether it could extract even greater value ... as part of a larger entity or consortium." Morgan Stanley in May downgraded Tesla to its equivalent of neutral and cut its price target on the shares to $305. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bank stocks clobbered by JP Morgan execs disclosure of 15% decline in trading
Bank stocks fell across the board Wednesday, after J.P. Morgan Chase & Co.'s Chief Financial Officer said trading is down about 15% in the second quarter. Marianne Lake told investors at an industry conference that the decline is a "normal seasonal" one that is typical moving from the first to the second quarters, The Wall Street Journal reported. She said fixed income was down, while equities were up slightly. "We're doing decently in a reasonably challenging environment," Ms. Lake said Wednesday. "Performance is quite good but there's not a lot to trade around right now....there haven't been that many exciting events and we need a few more of them," she said. Goldman Sachs Group Inc. led the decline, trading down 3.1%. Bank of America Corp. fell 2.7%, Citigroup Inc. was down 2.5%, Morgan Stanley fell 2.3% and J.P. Morgan was down 2.2%. The Financial Select Sector SPDR exchange-traded fund fell 1.2%, and is down 0.3% in 2017, while the S&P 500 has gained about 8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Morgan Stanley drops Vanguard mutual funds
NEW YORK (Reuters) - Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm.
Morgan Stanley lowers commissions on ETFs, stocks in brokerage accounts
NEW YORK (Reuters) - Morgan Stanley's wealth management business said on Monday it is lowering the commissions that brokers earn on stock trades, exchange-traded funds and annuities amid pressure to lower costs for clients.
Amazon's most sought-after clothing brands include Nike, Adidas and Under Armour
Amazon.com Inc. is the second largest U.S. apparel retailer, according to the latest analysis from Morgan Stanley, and athletic brands top the list of most frequently purchased. Nike Inc. , adidas AG , Hanes and Under Armour Inc. were the most sought-after brands, with at least 20% of respondents naming them. Morgan Stanley AlphaWise polled 1,000 adults aged 18 and over from April 4 to April 12. "We expect consumer expectations around seeing more dressier and formal attire brands to grow as Amazon's private label brands gain traction," analysts wrote in the Friday note. Nearly half of respondents (46%) purchased clothes from Amazon in the last year, second only to Wal-Mart Stores Inc. with 60%. And nearly half (47%) of likely Amazon apparel shoppers said they expect to buy more clothes from the e-commerce giant in the next 12 months and fewer pieces from other retailers. Analysts say Amazon's 2016 share gains came out of department stores and Target Corp. . Clothing sales at Amazon appears to be driven by Prime members, who are 1.5 times more likely than non-prime members to buy clothes from the site. Amazon shares are up 3% in premarket trading, and up 52.6% for the past year. The S&P 500 index is up 15.1% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Former Arconic CEO Klaus Kleinfeld resigns from Morgan Stanley board
Klaus Kleinfeld, who recently stepped down as chief executive of Arconic Inc. , has resigned from the board of Morgan Stanley , the investment bank said in a Securities and Exchange Commission filing late Friday. Kleinfeld departed Arconic earlier in the week after he used "poor judgment" in contacting an activist investor without authorization. Morgan Stanley said the resignation from the board was effective immediately and that Kleinfeld would not be standing for re-election at the company's annual shareholder's meeting in May. Morgan Stanley shares were flat at $41.80 after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Morgan Stanley says Klaus Kleinfeld resigned from co's board
* Morgan Stanley says on April 21, 2017, Klaus Kleinfeld
resigned from Morgan Stanley's board of directors, effective
Source text - http://bit.ly/2oSo2kh
Further company coverage:
Sirius XM downgraded as recent stock rally defies slowing growth
Shares of Sirius XM Holdings Inc. dropped 1.9% in morning trade Wednesday to a two month low, after Morgan Stanley turned bearish on the satellite radio company, saying the recent stock rally wasn't fundamentally justified. The stock close has shed nearly 9% since closing at an 11-year high of $5.44 on March 13, but was still up 12% year to date while the S&P 500 has gained 4.9%. Morgan Stanley Analyst Ben Swinburne cut his rating to underweight, given that the shares have rallied recently "despite evidence that the business is maturing and growth is slowing." He believes the late new car channel no longer adds materially to Siri's subscription base, while his analysis of the used car channel suggests growth has peaked. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Morgan Stanley's quarterly profit surges on trading gains
(Reuters) - Morgan Stanley reported a 74 percent jump in quarterly profit on Wednesday, topping analysts' estimates as revenue from bond trading nearly doubled following interest rate hikes by the Federal Reserve.
Goldman Sachs licks wounds in equities trading as peers grab share
- Goldman Sachs Group Inc (GS) on Tuesday became the first Wall Street bank this earnings season to report lower equities trading revenue, signaling it was unlikely to reclaim the top market share ranking from Morgan Stanley (MS) any time soon.
Morgan Stanley shareholders propose policy against golden parachute for executives entering government service
(Reuters) - Morgan Stanley shareholders will again vote on a proposal that prohibits stock awards from vesting for bank executives who resign for government service.
Morgan Stanley Asia-Pacific FundAPF